Ep 111: Your Trading Profile and Match for YOUR Trading Style & Risk Profile
★ SUMMARY ★
When you stock traded its all about finding a trading style that matches your risk profile and your risk tolerance. When you look at yourself in the mirror and look for a trading style important that you have a match since every person is different.
If you have a certain type of personality that is a bit more active then you will probably want to be more of an active traders such as a day trader. However if you have more of a relaxed personality than you probably want to focus on strategies that are more swing trading or longer-term investing.
In this episode we will look at different types of trading styles, ways to risk manage, and how to evaluate yourself to create a trading profile for yourself. Keep in mind that something that matches you currently may not be the best for you in the future and that it ultimately depends on the goals, personal situations, and the desire that you hope to achieve within your investments.
Of course you could modify and adjust your trading style but this is very difficult and a lot of work. when you first get started it is best to just evaluate yourself if you are more of a low risk, medium risk, or higher risk individual and this will slowly start putting you into different categories and buckets at which point you can later modify and tweak to your own liking.
Posted at: http://tradersfly.com/2016/11/ep-111-trading-profile-match/
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Great video. Sub ?
THIS WAS A GREAT VIDEO IT REALLY HELPED ME THANK YOU VERY VERY MUCH
Thanks for all you do Sasha. You have become my mentor. Professor Evdakov. Glad that I decided to take your classes. Can't thank you enough. You have help to iron out some of the rough edges I had about the market. Starting to do pretty good with trading options.
Great use of analogies in your explanations as usual. I really can't thank you enough Sasha. Over the year and a half, especially through the 2nd half 2015 you really helped me learn a lot. Not only technical concepts, but these things about the right personal fit for individual styles of trading. It really is about zeroing in on what works for you. Its like a pyramid, at the beginning it was long ans slow. I was so confused about what worked and what didn't. Eventually I progressively narrowed it down. You have probably saved me anywhere from 5-15 years of learning time. You really accelerated my comprehehnison and ability to find what works for me. That is more valuable than any dollar profit.
Like one of the things I'am doing with my time saved is learning new languages. Trading is really like learning a new language in some ways.
Great video Sasha, your analogy was really effective and your explanation was really easy to digest! Thank you for the video
Great vid!
thanks again for all the good insight, i havnt gotten to watch the entire thing yet. darn day jobs lol.